City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
211223
Name:
Settlement of Lawsuit - Leadwell Global Property
LLC - Stipulated Assessed Value of $152,600,000
Status:
Type:
Ordinance
Passed
File created:
In control:
11/30/2021
Clerk of the Board
On agenda:
Final action:
11/30/2021
2/18/2022
Enactment date:
2/18/2022
022-22
Enactment #:
Title:
Ordinance authorizing settlement of the lawsuit filed by Leadwell Global Property LLC against the City
and County of San Francisco for a stipulated assessed value of the real property located at 1 Nob Hill
Circle, aka 999 California Street, San Francisco, CA (Assessor’s Parcel Block No. 0255, Lot No. 002)
(the “Subject Property”) of $152,600,000 as of February 28, 2017, contingent upon the Assessment
Appeals Board’s approval; the lawsuit was filed on June 26, 2020, in San Francisco Superior Court,
Case No. CGC-20-585163; entitled Leadwell Global Property LLC v. City and County of San
Francisco, et al.; the lawsuit involves the assessed value of the Subject Property for property tax
purposes as of the February 28, 2017, change in ownership date.
Sponsors:
Attachments:
1. Leg Ver1, 2. Comm Pkt 012022, 3. Board Pkt 020122, 4. Board Pkt 020822, 5. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
11/19/2021
1
RECEIVED AND ASSIGNED
President
11/30/2021
1
RECOMMENDED
Government Audit and Oversight
Committee
1/20/2022
1
Pass
PASSED ON FIRST READING
Board of Supervisors
2/1/2022
1
Pass
FINALLY PASSED
Board of Supervisors
2/8/2022
1
Pass
APPROVED
Mayor
2/18/2022
1